Judge Kathleen McCormick of Delaware Chancery Court permitted Elon Musk to make his countersuit against Twitter public on August 5. Musk initially asked to make his Twitter countersuit public two days earlier, on August 3, before the Annual Tesla Shareholders Meeting in Texas. According to a Reuters source, the countersuit may be released a bit sooner. It […]
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Tesla is eyeing a facility in West Bloomfield Township, Michigan. The Michigan space spans 42,600 square feet and was formerly a Barnes & Nobles. It is located on the west side of Orchard Lake Road. Real estate developer Curis Enterprises wants to buy the space from Mitch Gappy, who owns it under Orchard Book Property LLC. […]
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Tesla battery supplier Contemporary Amperex Technology Co. Ltd (CATL) decided to delay its plans to build a battery factory in North America after Nancy Pelosi’s trip to Taiwan. Earlier this year, CATL started scouting sites across North America for its $5 billion cell plant. The Chinese battery supplier was considering sites in Canada and Mexico, capable of […]
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The U.S. Departments of Transportation and Energy (Joint Office) announced that all 50 states, the District of Columbia, and Puerto Rico submitted EV infrastructure deployment plans for President Biden’s $5 billion fund. The submissions were necessary under the National Electric Vehicle Infrastructure (NEVI) Formula Program. The plans unlock the first round of the Bipartisan Infrastructure Law’s […]
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Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. The update was related during a top government meeting. Reports of the meeting were shared by Chinese state-owned broadcaster China Central Television (CCTV). According to the broadcaster, an executive meeting of the […]
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Volkswagen Group’s Board Member Thomas Schmall explained the advantages of PowerCo. “PowerCo will bundle our global battery activities along the whole value chain. From materials to research and development, in-house production and recycling,” Schmall shared. “Unified cells and the standard factory will set a new industry standard. This will allow PowerCo to ramp up its […]
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General Motors (GM) CEO Mary Barra noted that the legacy automaker has a few binding agreements with suppliers for raw battery materials. With the deals, GM will have the annual capacity to produce 1 million EV units in North America by 2025. “These are commitments with strategic partners for key materials like lithium, cobalt, and […]
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When Tesla finishes Giga Shanghai’s upgrades, the factory will have the capacity to produce around 3,000 vehicles per day. Giga Shanghai is also expected to introduce a third shift of workers to the factory. Tesla China estimates that recent upgrades to the production lines increased the factory’s capacity. In addition to a third shift, the […]
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As revealed by Tesla in a Form 10Q filing with the US Securities and Exchange Commission (SEC) on Monday, the company’s business in China experienced a quarterly decline in revenue due to the Covid lockdowns that hit the country in the second quarter. Tesla China’s revenue hit $3.787 billion in Q2, a 32.45% increase from […]
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According to recent SEC filing, Faraday Future (FF) is delaying the start of production and deliveries of its debut EV to later this year. The EV startup stated it would push back the start of production and deliveries of its FF 91 flagship to the third or fourth quarter of 2022. Faraday Future cited supply […]
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